| ASSETS |
|
|
|
| CURRENT ASSETS |
|
|
|
| Unrestricted cash and cash equivalents |
$156,722,199 |
$108,110,486 |
45.0 |
| Restricted cash and cash equivalents |
$4,724,106 |
$2,543,438 |
85.7 |
| Unrestricted Short-term investments |
$328,123,909 |
$269,418,660 |
21.8 |
| Restricted short-term investments |
$16,804,375 |
$13,740,912 |
22.3 |
| Accounts receivable, net |
$91,105,769 |
$91,811,771 |
(0.8) |
| Current portion of notes receivable |
$3,827,210 |
$5,040,811 |
(24.1) |
| Current portion of student loans receivable |
$1,929,194 |
$2,000,480 |
(3.6) |
| Current portion of pledges receivable |
$18,467,892 |
$11,670,109 |
58.2 |
| Inventories |
$5,377,134 |
$7,084,249 |
(24.1) |
| Prepaid expenses and unearned scholarships |
$95,669,266 |
$102,708,473 |
(6.9) |
| Other current assets |
$3,008,604 |
$2,126,151 |
41.5 |
| Total current assets |
$725,759,658 |
$616,255,540 |
17.8 |
| NON-CURRENT ASSETS |
|
|
|
| Restricted cash and cash equivalents |
$13,984,227 |
$4,746,827 |
194.6 |
| Endowment, and life income investments |
$820,554,775 |
$832,842,409 |
(1.5) |
| Investments for capital activities |
$432,015,246 |
$650,087,836 |
(33.5) |
| Other long-term investments |
$217,288,549 |
$216,514,251 |
0.4 |
| Notes receivable, net |
$216,496,108 |
$216,523,061 |
0.0 |
| Student loans receivable, net |
$7,910,551 |
$8,824,627 |
(10.4) |
| Pledges receivable, net |
$61,871,603 |
$28,587,176 |
116.4 |
| Capital assets, net |
$2,374,645,592 |
$2,172,997,368 |
9.3 |
| Other noncurrent assets |
$10,983,800 |
$9,516,363 |
15.4 |
| Total noncurrent assets |
$4,155,750,451 |
$4,140,639,918 |
0.4 |
| Total assets |
$4,881,510,109 |
$4,756,895,458 |
2.6 |
| DEFERRED OUTFLOWS OF RESOURCES |
|
|
|
| Bond deferred refunding |
$17,372,261 |
$18,582,271 |
(6.5) |
| Pension and OPEB obligations |
$168,514,132 |
$180,721,290 |
(6.8) |
| Total deferred outflows of resources |
$185,886,393 |
$199,303,561 |
(6.7) |
| Total assets and deferred outflows of resources |
$5,067,396,502 |
$4,956,199,019 |
2.2 |
| LIABILITIES AND NET POSITION |
|
|
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable and accrued liabilities |
$157,835,424 |
$139,091,428 |
13.5 |
| Current portion of unearned revenue |
$299,997,609 |
$353,128,982 |
(15.0) |
| Deposits |
$43,638,808 |
$35,251,861 |
23.8 |
| Current portion of long-term debt |
$41,322,697 |
$42,487,450 |
(2.7) |
| Total current liabilities |
$542,794,538 |
$569,959,721 |
(4.8) |
| NONCURRENT LIABILITIES |
|
|
|
| Federal refundable loans |
$8,664,137 |
$8,393,239 |
3.2 |
| Other liabilities |
$17,402,817 |
$4,509,004 |
286.0 |
| Unearned revenue |
$10,009,965 |
$8,058,359 |
24.2 |
| Long-term debt, net |
$1,208,064,263 |
$1,251,641,581 |
(3.5) |
| Pension liability |
$646,185,000 |
$594,410,000 |
8.7 |
| OPEB liability |
$108,975,155 |
$267,378,182 |
(59.2) |
| Total noncurrent liabilities |
$1,999,301,337 |
$2,134,390,365 |
(6.3) |
| Total liabilities |
$2,542,095,875 |
$2,704,350,086 |
(6.0) |
| DEFFERED INFLOWS OF RESOURCES |
|
|
|
| Pension and OPEB obligations |
$199,594,551 |
$92,807,931 |
115.1 |
| Split interest - remainder interest |
$2,337,929 |
$2,403,739 |
(2.7) |
| Total deferred inflows of resources |
$201,932,480 |
$95,211,670 |
112.1 |
| NET POSITION |
|
|
|
| Invested in capital assets |
$1,322,651,902 |
$1,210,048,918 |
9.3 |
| Restricted |
|
|
|
| Nonexpendable |
$502,203,055 |
$480,733,622 |
4.5 |
| Expendable |
$436,716,309 |
$417,325,242 |
4.6 |
| Unrestricted |
$61,796,881 |
$48,529,481 |
27.3 |
| Total net position |
$2,323,368,147 |
$2,156,637,263 |
7.7 |
| Total liabilities, deferred inflows of resources and net position |
$5,067,396,502 |
$4,956,199,019 |
2.2 |
